Harbin Bank Plans $1 Billion Hong Kong IPO

Harbin Bank Will Be the Fourth Chinese Bank to Go Public in Hong Kong Since November

By

Yvonne Lee and Prudence Ho

Updated Jan. 6, 2014 3:21 a.m. ET

HONG KONG—Harbin Bank, based in the northeastern Chinese city of the same name, is planning to apply for a $1 billion initial public offering in Hong Kong this month, paving the way for a listing as soon as the second quarter this year, people familiar with the matter said Monday.

If it gets listing approval from Hong Kong's stock exchange, Harbin Bank would be the fourth Chinese bank to go public in Hong Kong since a wave of offerings kicked off in November. Chinese banks have been raising money through Hong Kong IPOs...